GM and Tiger Woods to Sever Ties
General Motors said it would end its endorsement deal with Tiger Woods at the end of the year in an amicable parting aimed at saving the struggling automaker cash…
Shoe Carnival Q3 Hampered by Slow Traffic
With store traffic slowing significantly after the back-to-school selling period, Shoe Carnival reported Q3 earnings fell 38.1% as net sales slid 2.2% and comps dropped 5% for the quarter. On a conference call with analysts, SCVL President and CEO Mark L
Oakley Becomes North American Distributor for Arnette, Revo
Effective Jan. 1, 2009, Oakley, subsidiary of Luxottica, will become the sole North American distributor for Luxottica house brands Arnette and Revo for all channels of trade replacing Avant Garde Optics. Additionally, Oakley will become the sole distribu
NexCen Expects Improved Q3
NexCen Brands, the parent of The Athlete's Foot, expects to report revenues from continuing operations of its franchise business of approximately $12 million in the third quarter of 2008 compared with $6.5 million in the third quarter of 2007, an inc
Mountain Bikers and Some Hikers at Odds over Trail Access
The International Mountain Bicycling Association reiterated that rule changes it is seeking to increase cyclists' access to national parks trails will not infringe on the rights of hikers. IMBA is lobbying the National Park Service to push decision m
Foot Locker Inc. Sees Stronger Europe, but Weaker U.S. in Third Quarter
While Foot Locker Inc.’s Europe business showed signs of strengthening in the third quarter, it wasn't nearly enough to offset a “precipitous” slow down in the U.S. during September and October. As a result, Foot Locker slightly missed its guidance t
Dillard’s to Lay Off 500
Dillard's, Inc. said it will lay off approximately 500 associates in a “strategic staff reduction” aimed at reduce operating expenses. The workforce reduction includes approximately 60 associates in Little Rock, Arkansas. Dillard's employs appro
Zumiez Inc. Puts New Store Plans on Hiatus After Tough Third Quarter
Zumiez Inc. will slow new store expansion to no more than 15% on a square footage basis compared to the current rate of 24% and reduce capital expenditures to approximately $28 million in fiscal 2009. The action sports retailer said a deteriorating retail
Commerce Finds Vietnamese Apparel Not Being Dumped
The U.S. Department of Commerce has ruled that there is insufficient evidence to warrant self-initiating an antidumping investigation of Vietnamese apparel imports. The conclusion follows the third review of six-months of import data since Vietnam’s entry
Pacific Sunwear Third Quarter Sales on Tougher West Coast Sales
Pacific Sunwear of California, Inc. had total sales for the third quarter ended Nov. 1, 2008, of $323.6 million, a 5% decrease from total sales of $341.9 million for the third quarter ended Nov. 3, 2007. Total company same-store sales decreased 7% during
adidas Signs 11-Year Deal with IAAF
adidas and the International Association of Athletics Federations have entered an 11-year partnership agreement granting adidas the world-wide sponsorship rights for all IAAF World Athletic Series events from 2009 until 2019. The partnership incorporates
Hibbett Sports Points to Strength in Footwear as Comps Inch Up Slightly
Hibbett Sports Inc. attributed a high-single digit increase in revenues for the third quarter ended Nov. 1 to strength in its footwear business, a segment that traditionally generates a significant portion of the retailer’s total sales…
PacSun Names Board Member
Pacific Sunwear of California, Inc. announced the appointment of Brett Brewer to its board of directors. Brewer, 36, is an Internet entrepreneur who has built, operated and sold Internet media companies. Brewer co-founded Intermix Media, which launched se
CPSC: New Phthalates Limits Aren’t Retroactive
The Consumer Product Safety Commission (CPSC) has ruled that an impending ban on certain products containing phthalates will only affect those made after Feb. 10, 2009. The industry feared the Consumer Product Safety Improvement Act passed this fall wou
Nike Increases Quarterly Dividend by 9%
Nike's board of directors has declared a regular quarterly cash dividend of 25 cents per share on the company’s outstanding Class A and Class B common Stock. On an annual basis, this is an indicated rate of $1.00. The 25 cents per share quarterly div
